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Search Results 0 to 34 of about 35 (some duplicates have been removed)
in 1986 but are staring us in the face today. first, a much larger and much more dangerous deficit and second, a dramatic increase been income and inequality. old-style tax reform could make both conditions worse. but don't dismiss the old framework lightly. credit for the 1986 reform law belongs to democrats like bill bradley in the senate. just as much as to president reagan. as a member of the house back then, i not only voted for it, but i whipped the votes to make sure it passed. i was on the committee set up by dan rostenkowski to get it done. the approach made a good deal of sense at the time. then, as now, the code was littered with egregious loopholes that needed to be reformed. recall the so-called passive law schools that were in place back then. they allowed wealthy taxpayers to gain the system. someone could invest in a bowling alley and then, if the bowling alley lost money, they could take a write off many times larger than their initial money incestment of their entire income tax liability. we need to get rid of such a gimmicky tax shelter. paring these loopholes al
dust of trickle-down economics will somehow erase any damage to the deficit or hold harmless the middle class -- it is a mirage. it is not realistic. the broader issues of tax reform are something that very much interest the president of united states, but has always -- his approach is always that everyone has to pay their fair share, everyone has to pay their -- everyone has to get a fair shot. in the debate he is having with the election and has been having with republicans on capitol hill, if we take a balanced approach that includes increased revenues by asking millionaires and billionaires to pay a little bit more, we can reduce our deficit significantly -- $4 trillion -- while making sure that the middle class does not have its taxes go up and making sure that we invest in education and infrastructure and innovation. the alternative choice that has been presented is that we should lower taxes for millionaires and billionaires and in order to pay for that, we have to turn medicare into a voucher program. we have to get investments in education and innovation, research and developme
national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last of zero four. what america needs is a real recovery. only romney and ryan can provide that. host: when the president took office we were losing 800,000 jobs a month. since the president took office, we have 5.5 million additional jobs. truck about the automobile recovering, he saved the automobile industry and 1/88 jobs in the state are reflective of the auto industry. i worked the railroad 41 years. the guys and women working there, they're happy, jumping up and down because they have employment. one out of eight jobs are connected to the auto industry. not only that, the government at the time, strickland, and the president came to and youngstown, my area, and it one of the last
would call these gimmicks, the full ten year cost of this bill has of $460 billion deficit. the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that provision was taken out and has been going on in stand-alone legislation. ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. and so when you take a look of this is just as not add up. let's finish with the cost curve. we bending the cost curve down or up? well, if you look at your own chief actuary of medicare revenue up. he is time we are going up $222 billion, adding more to the unsustainable fiscal situation we have. and so when you take a look
, in 2010 a bipartisan federal commission unveiled the plan to cut the nation's deficit by $4 trillion through a mix of tax increases and spending cuts. the plan was never voted on in congress. do you agree with any or all with what the commission came up with? what other efforts do you think the country needs to take on to cut the country's debt, which now exceeds $16 trillion? >> debt and our deficit are very important issues that we need to tackle and they're a matter of national security. and this is one of the starkest contrasts between congresswoman bono mack and myself. you see, congresswoman bono mack wants to put the deficit and the burden of our debt on the shoulders of our seniors, our middle class and our students. by turning medicare into a private voucher system and charging our seniors $6,000 a year for their health care costs on average, by cutting pell grants and stafford loans who rely on those for their college education and she's voted to increase taxes on the middle class through the ryan plan. all of this in order to keep tax breaks for multi-millionaires and tax
years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my blueprint for america to get an economy and stronger jobs. the question is which one of us can be accounted upon. you may have read an article that was comparing our two governorships. the call me when the most accomplished modern governors with major improvements in public education, safety, welfare reform, and i described how worked with leaders in the other party to get results for the people. the bad economy
the skills they need to get jobs they want. get this deficit and debt under control to prevent a debt crise. make trade work for america so we can make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they're our job creators. he talks about detroit. mitt romney is a car guy. they keep misquoting him, but let me tell you about the mitt romney i know. this is a guy who i was talking to a family in northboro, massachusetts, the other day. sheryl and mark nixon. their kids were hit in a car crash, four of them, two of them, rob and reid, were paralyzed. the romneys didn't know them. they went to the same church. mitt asked if he could come over on christmas. he brought his boys, his wife, and gifts. later on he said, "i know you're struggling, mark. don't worry about their college. i'll pay for it." when mark told me this story, because you know what, mitt romney doesn't tell this story. the nixons told this story. when he told me this story. he said it wasn't the cash help. it's that he gave his time and he has consiste
administration does not really care about the deficit and how high it is getting. why would you raise the deficit when you owe so much money? it will bankrupt our country. host: what do you do a in redmond, ore.? caller: i am a full-time student at a community college and i also work at a fast-food restaurant to pay bills. host: where are you studying? caller: criminal-justice. host: where are you watching c- span at 6:00 a.m. in the morning in oregon? caller: i get up early allot. earlier, i was watching a different program, in b.c. i think, and i think there were a lot of very baidoa -- nbc, i think, and i think there were a lot of very biased reporters. i switched channels. host: is this your first time watching c-span? caller: no, it is now. i actually watched it a lot. host: that is there a studying criminal justice in redmond, ore.. next up is michael in springdale, another first-time voter. caller: i was flipping through the channels here and listening to a lot of individuals call in and one of the topics that came up is the military. and being a first-time voter, i want to say that as a v
for the economy. another important element is a private set her deficit. wow, another important reform has been to put into the constitution, a financial stability law, that means that the government is going to be more able to meet their objectives and to put a degree on the expand says and the deficit of the regional suspense, which is part of the issue because the expenditures from the central government, another part of the government in which you have tools in order to make them comply with your objectives. at the government has proper tools. and in the process of the fiscal situation as we see in this chart, we have a totally out-of-control deficits in the year 2009 with a deficit exceeding 11% of the gdp and now we are to reducing the step thursday of the very important issue and what the markets wonder if the capacity of the government to get to the 6.3%. there is a degree in the market and the capacity, but the government is confident that she can get this figure and i think it would be a very important message for the market. if it's able to comply with the objective of direction and
? >> i will -- the candidates how they will reconcile reducing the deficit, cut spending and still -- [inaudible] >> what are you doing to prevent trafficking and to stop it altogether? >> all day like event tomorrow on c-span2 to tell you about. the center for strategic and international studies looks at political transitions in north africa. this starts at 8:30 a.m. eastern. >> we are live at centre college in danville kentucky for the 2012 vice presidential debate between vice presidential bike and congressman paul ryan. the moderator, martha raddatz is almost ready to begin after giving the audience instructions to remain quiet during the debate. we are waiting for her to introduce the candidates announced the opening question. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] .. [inaudible conversations] [background sounds] [background sounds] [background sounds] [inaudible conversations] [background sounds] [inaudible conversations] [background sounds] [inaudible conversa
're facing absolutely massive deficits. this administration has chosen to ignore it. the president has failed, put forth a plan to deal with those deficits and if everyone believes everything is coming up roses, perhaps the vice- president should join me as i travel around the country and speak to people. people in pennsylvania are not terribly thrilled with what happening in the economy. people in youngstown, ohio have stores that are boarded up because the economy is not doing well. it's not only the old industries that are not -- in san jose, calif., they are complaining because they cannot export their high-quality goods to japan and other countries. people in the northwest and in the state of oregon are complaining about what's happening to the timber industry and agriculture industry. things are not as great as the administration is wanting us to believe in their television commercials. my feeling quite frankly is i have enough experience to see the problems, address them, and make the tough decision that level of people with reference to this problem. >> despite the historic aspects of
of $3 trillion in deficit reductions, which is some combination of tax revenue and spending cuts. therein lies the problem. we have a situation where democrats have been loath to to target the deep spending cuts to domestic programs an impediment programs that would be needed to cut a deal, -- entitlement programs that would be needed to cut a deal, and republicans are loath to consider the idea of any sort of new tax revenue that could be added to the picture. so, how do you put this deal together in no way that makes a policy sense, but also would satisfy the political differences on either side? it really is difficult. if you look to the projections, people say if we do not do anything, this would be great for the nation put the deficit, because tax revenues would automatically go up, spending would go down, and our national deficit would nearly be cut in half. that is a great outcome. yes, it is, but the other hand, the economy, which is in a fragile state, would decline, and we've seen projections of a 0.5% reduction in gdp growth which experts say would put the economy in a
campaign stop in new hampshire was talking about the threat of deficit spending. it's probably something you might hear tonight at the vice- presidential debate. here's a preview. [video clip] >> we cannot keep borrowing 36 cents of every dollar our government spends. we cannot keep the federal reserve doing what. we cannot keep looking our children in the eye, knowing that we are going to give them a diminished future because we are spending their money today. it's a very simple idea. mitt romney and i will bring it to washington. we've got to stop spending money we don't have. we must cut spending. we must get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-pre
to cut the deficit in half in four years. we have four budget it is and four trillion dollar deficits. a debt crisis is coming and we can't keep spend borrowing like and spending money we don't have. leaders run to problems to fix problems. >> steve: i got this tweet. why was bush crusify biden didn't get information on the intelligence community and that is okay. >> steve: ultimately some polls went out and they did snap pollings. cnn paul ryan . cnbc. winner 20 points. >> brian: cbsdid joe biden. >> steve: they did a focus group for 50 people. >> gretchen: we have frank coming up. and we'll show you that. now the rest of the head lineups for friday. one month after ambassador stevens was ciled. lawrence pope is the new charge of affairs. he will represent. pope retired 12 years ago and an ambassador to chad and political advisor for the special command and special operations in the middle east. governor mitt romney getting a spiritual boost from billy graham. >> reverend graham added he would do everything to help him. franklin graham has provided council to every president since ha
. >> bret: more on this with the panel. thank you. federal deficit topped $1 trillion for the fourth year in a row. the numbers $1.1 trillion in red for fiscal year 2012 which just ended. that is $207 billion less than the previous year. government spending fell 1.7%. tax revenue rose 6.4%. higher gasoline costs drove wholesale prices up. dow broke two-day losing streak. >> disseption in ranks of the "new york times" over the libya story later in the grapevine. up next, the still unreleased video of the benghazi attack. what does it show? [ male ann] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model yea
is he's talking about tax cuts and deficit reduction at the same time. and the pew poll that came out earlier this week, wolf, said six in ten voters believe that romney is promising more than he can deliver. one reason bill clinton's speech was so popular at the democratic convention was he said the arithmetic doesn't add up. so you can push is this just rhetoric during a campaign, or is this real? if you want to close tax loopholes, okay, fine. what loopholes would you close? he's got to answer that. and so far hasn't done it. >> his argument is i don't want to put all that out right now. because if he's president, he's going to have to negotiate all those issues with democrats. and why put your own position out right now. >> sure. >> i don't know if his argument's going to necessarily hold. that's another matter. a lot of folks have seen romney over these past couple weeks at the debate, in the interview with me, moving more towards the center. do you see that? >> i did. i saw that particularly in your interview when he talked about the wealthy and how his tax plan would affect the
, or the 49ers, are reacting to the same thing, they're both out of control. we have a deficit that is going to kill us. they're not minding the store. now, we come at it from two other spectrums, but they're the same issues, basically the same issues they're focused on. and when the tea party first came in. and i was at a rally down in arizona with a candidate on the first tax day, first april 15th after the tea party was founded. and there were people who were democrats, there were republicans, there were independents who were there rallying on the street. but when they got into the office, they started to morph over to the social issues, so as they have done that, i think the basic premise for the party is very right, frankly. we have got to get serious about these issues. >> president reagan said famously he didn't leave the democratic party, the democratic party left him. do you feel that members of the gop feel that way? do you feel that way? >> oh, i know people feel that way. and i'm certainly verging on that. the party that i saw at the convention when you looked at the clips that -
on the debt. the first thing he said was the issue of the debt and deficit is not just an issue of money it is an issue of morality. immoral to leave the debt to our children and grandchildren and i thought it was a strong statement and elevated the romney campaign above a kind of we can do a little better for your pocketbook next week than president obama can and put it in a bigger concept and elevated the race into who is the more are responsible steward of this country's finances and well being for the next generation. i thought it was a very important moment for mitt romney. >> geraldo: stand but youle join our all-star panel in a moment. first, news on fast and furious, folks. the botched atf gun running operation and news that hasn't been fully digested by the mainstream media. we know that one of the walked guns was used to kill agent brian terry but it took the spanish language news network to reveal that the walked guns were also used if you recall the horrific 2010 massacre of mexican teenagers in the border city of juarez. they broke into a birthday party and started firing an
it done. the failure of the joint deficit committee has left us with the looming arbitrary cuts. those will be mentioned from up here and down there. i'm pleased that the house essentially passed a bill that said no, these impending cuts aren't going to affect military families and certainly i think that's all of our position. we'd like the administration to clarify that that is set in concrete. so again, certainly, as you said commander, we must make it clear that under no circumstances we will not balance the budget on the backs of our men and women in uniform and our veterans. [applause]. i thought you all were napping. and again the good news is i think we're all on board. thanks for your neverts suicide prevention. that's something we work on hard here. there's just a number of things in regard to that. the other thing that i'm concerned about is military voting. that is something that if anybody has a right to vote, it's the men and women that are serving overseas. so i think in a very bipartisan way we're working to ensure that is not going to be a problem. so we're going to pre
to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] gly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> welcome back to "starting point." clint eastwood's address raised eyebrows because of this scene when he was talking to an empty chair. the empty chair represented president obama. this week's cover of "the new yorker" picks up on the performance against mitt romney. why don't you since you work for "the new yorker" ryan, put that cover up again. >> this is barry blitz, one of -- i think one
, when there was the realistic prospect that substantial deficit reduction would be associated with a substantial reduction in interest rates that would push the economy forward at a more rapid pace, and indeed in a very important part of the economic growth of the 1990s, can properly be attributed to the unlocking of economic energy that was achieved by the 1993 budget measures that led to a reduction in interest rates and increased investments, accelerating growth, lower capital costs, further improvement in the deficit and so forth. that approach of fiscal consolidation lead to substantial growth was a plausible and compelling vision for the country in 1993. it had been a plausible and compelling division for other countries at other times and places. you cannot fall very far. from the basement. with interest rates at 1.7% for ten years, with real interest rates at a level where if you want to put your money or store your money with the government for as much as 20 years, you have to pay them for the privilege of having them hold up your money if they are going to give you b
building but at least he had the right message. your sign said reduce deficits and you thoughted no blood for oil. and you were chained to a rural health organization. what's your message? >> well, -- >> so wrong building, unclear message, but at least jody reached the people. >> how long before someone noticed you? >> 18 hours. [laughter] >> why do you think people ignored you? >> i think people don't like to think about the troubles in the international spectrum right now. >> not because you were below sidewalk level? jody brought me to the place where, for some reason, no one saw him. you were chained where? >> just to this door handle here. >> okay. and was this sign here when you -- >> actually it was. >> did you read this sign? >> after i locked to the door handle. >> yes, after he locked to the door handle. but every good protester has a contingency plan. >> when you found out you were in the wrong place you just unlocked yourself and moved, right? >> no. because i didn't have the key. i, went to the demonstration -- >> forgot it? left it somewhere? >> i left it in the car way was
and how they would help the middle class and the jobs and how they would reduce the debt and the deficit you don't want to be at a budget committee hearing parsing numbers so to speak. i think paul ryan has done an excellent job representing the middle class coming from a wisconsin background and able to put that state into play and to keep the momentum going. i think we'll see a great debate night this thursday. >> i know. can't wait. thanks so much for being with us this morning thank you. >> it was billed as a rumble in a temperature cold room and things did heat up this weekend. the daily show's jon stewart facing off with i am fox news pil o'reilly at a mock debate and if last week's debate left you hungry for zingers, these guys did not disappoint. >> you have to let the free marketplace run a little bit. i understand the wall street stuff and i got it. i am not a big wall street guy. you have to let them employ. you have to unleash the machine. >> yes, because what could go wrong? >> like we're doing real great now, huh? >> we're not doing real great now. if you take your eye from
think has been spawned the deficit be corralled. >> is started all of this often 1978. in the different from how race is used in our military academy? >> too many questions. a very different world. holy individualized, comparing individuals one that sun -1 to establish the platonic idea of the class as educational. this is not what is going on, not an individualized i will look at you. i will score you, but at the .7 mission i am not admitting people but categories. that relates to that justices question. at that your hypothetical is entirely fair begins in the way they do their system you can figure out that two people would have had the same bia score, but more race. it is an error. dawson to boost the component of the score. it is not infrequent. many candidates we will support this same pai and then you boost some of them. we don't lose all of them minorities. as a studio today from a we want to boost the ones that we like. we want the affluent minorities who we think will improve dialogue. that is contrary to the fact that they give points in the same system for socioeconomic disad
is the lineup in the case as far as the deficits, who will hear it and decide? >> only eight justices will decide because justice elena kagan is recused having worked. so eight justices. it's a pretty good bet that for more conservative justices will vote to if not strike down entirely, limit the use of race. the others will go the other way and as usable, justice anthony kennedy will hold the deciding vote. he has on the one hand said some positive things about using race and about the importance of diversity. on the other hand, he's never in his career and voted to uphold an affirmative action plan so she is a real wild card. >> is it possible this could be a 4-4 decision? >> it's not likely that it's possible and if it were, that would have the effect without opinion and without reasoning from the supreme court automatically affirming the decision below which had up held the texas program manning the split would equal that affirmative action stays the way we know it today. >> is the university of texas the only school that uses this type of system? >> that's right this combination
Search Results 0 to 34 of about 35 (some duplicates have been removed)